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Tuesday, October 27, 2020

Dibrugarh University Question Paper (B.Com 1st Sem CBCS Pattern): Business Laws (HONS)' 2019

2019 (December)
COMMERCE (Core)
Paper: C – 102 (Business Law)
Full Marks: 80
Pass Marks: 32
Time: 3 hours

The figures in the margin indicate full marks for the questions

1. Write True or False:                                    1x8=8

a)         Quasi-contracts are created by circumstances, not by the parties.

b)         A specific offer can be accepted by any party.

c)          Money is considered as ‘goods’ under the Sale of Goods Act.

d)         An insolvent cannot enter into a contract.

e)         An agent is a link in between the principal and the third parties.

f)          Registration of a partnership firm is compulsory.

g)         An agreement to sale is an executor contract.

h)         The Indian Contract Act was enacted at 1972.

2. Write short notes (any four):                                                 4x4=16

a)         Void Contract.

b)         Days of grace.

c)          Types of goods.

d)         Crossing of cheque.

e)         Free consent.

f)          Essentials of a contract of sale.

3. (a) What do you mean by contract? Describe briefly the essentials of a valid contract.       3+8=11

Or

(b) Discuss the different types of contract.                                          11

4. (a) What is a contract of indemnity? How does a contract of indemnity differ from a contract of guarantee?    3+8=11

Or

(b) Define bailment. Discuss the rights and responsibilities of a bailee.    3+8=11

5. (a) What do you mean by ‘caveat emptor’? Discuss the exceptions to this rule. 3+8=11

Or

(b) Discuss the rights of an unpaid seller.                                                                                              11

6. (a) Mention the parties to a bill of exchange and discuss their liabilities.            3+8=11

Or

(b) What do you mean by cheque? What are the distinctions between cheque and bill of exchange?      3+8=11

7. (a) Define partnership. Describe the different methods of dissolution of partnership firms.     3+9=12

Or

(b) What do you mean by limited liability partnership? What are the features of LLP?           4+8=12

***

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